Millennium Management LLC Boosts Stock Position in Delphi Technologies PLC (NYSE:DLPH)

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Millennium Management LLC lifted its holdings in shares of Delphi Technologies PLC (NYSE:DLPH) by 220.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,823,951 shares of the company’s stock after buying an additional 1,254,353 shares during the quarter. Millennium Management LLC’s holdings in Delphi Technologies were worth $24,440,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DLPH. Price Wealth Management Inc. purchased a new position in Delphi Technologies in the 2nd quarter valued at about $38,000. Nomura Asset Management Co. Ltd. acquired a new stake in Delphi Technologies in the 2nd quarter worth about $47,000. US Bancorp DE boosted its holdings in Delphi Technologies by 32.7% in the 2nd quarter. US Bancorp DE now owns 4,847 shares of the company’s stock worth $97,000 after buying an additional 1,195 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Delphi Technologies by 463.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,790 shares of the company’s stock worth $115,000 after buying an additional 4,763 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in Delphi Technologies during the 2nd quarter worth approximately $139,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

DLPH stock opened at $12.72 on Tuesday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.35 and a quick ratio of 0.93. The business has a 50 day simple moving average of $12.97 and a 200-day simple moving average of $15.43. The firm has a market capitalization of $1.07 billion, a PE ratio of 2.90, a price-to-earnings-growth ratio of 0.60 and a beta of 2.91. Delphi Technologies PLC has a 1 year low of $10.85 and a 1 year high of $26.82.

Delphi Technologies (NYSE:DLPH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.56 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.56. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. Delphi Technologies had a return on equity of 52.54% and a net margin of 4.29%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. On average, equities research analysts expect that Delphi Technologies PLC will post 2.3 EPS for the current year.

In other news, CAO Allan J. Brazier sold 4,752 shares of Delphi Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $90.00, for a total transaction of $427,680.00. Following the transaction, the chief accounting officer now owns 21,050 shares in the company, valued at approximately $1,894,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph R. Massaro sold 2,800 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $89.56, for a total transaction of $250,768.00. Following the transaction, the chief financial officer now directly owns 118,335 shares in the company, valued at approximately $10,598,082.60. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on DLPH shares. Barclays downgraded Delphi Technologies from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $23.00 to $13.00 in a research report on Monday, November 4th. Royal Bank of Canada set a $13.00 price target on Delphi Technologies and gave the stock a “hold” rating in a research report on Friday, November 1st. UBS Group dropped their price target on Delphi Technologies from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. ValuEngine raised Delphi Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley decreased their price objective on Delphi Technologies from $14.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.14.

About Delphi Technologies

Delphi Technologies PLC engages in the design, development, and manufacture of integrated powertrain technologies worldwide. The company operates through two segments, Powertrain Systems and Delphi Technologies Aftermarket. The Powertrain Systems segment provides fuel injection systems, as well as other powertrain products comprising valvetrain, fuel delivery modules, ignition coils, canisters, sensors, valves, and actuators; and electronic control modules with the corresponding software, algorithms, and calibration that provide centralized management of various powertrain components.

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Institutional Ownership by Quarter for Delphi Technologies (NYSE:DLPH)

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